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DewDiligence

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Re: DewDiligence post# 26794

Wednesday, 11/09/2022 8:25:33 AM

Wednesday, November 09, 2022 8:25:33 AM

Post# of 30493
META lays off 11,000 employees—(13% of_staff):

https://www.wsj.com/articles/facebook-parent-meta-to-cut-11-000-jobs-11667992427

In a message to staff on Wednesday morning, Chief Executive Mark Zuckerberg said the company, the parent of Facebook and Instagram, would cut staff across all of its businesses, with its recruiting and business teams disproportionately affected. The company is also tightening its belt by reducing its office space, moving to desk sharing for some workers, and extending a hiring freeze through the first quarter of 2023.

“The efficient-market hypothesis may be
the foremost piece of B.S. ever promulgated
in any area of human knowledge!”

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